EWCZ Q3 EPS Estimate Increased by Telsey Advisory Group

European Wax Center, Inc. (NASDAQ:EWCZ) – Investment analysts at Telsey Advisory Group boosted their Q3 2024 earnings per share (EPS) estimates for shares of European Wax Center in a research report issued on Friday, November 15th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will post earnings of $0.07 per share for the quarter, up from their prior forecast of $0.05. Telsey Advisory Group has a “Outperform” rating and a $8.00 price objective on the stock. The consensus estimate for European Wax Center’s current full-year earnings is $0.24 per share. Telsey Advisory Group also issued estimates for European Wax Center’s Q4 2024 earnings at $0.04 EPS and FY2025 earnings at $0.31 EPS.

Several other equities analysts have also recently issued reports on EWCZ. Morgan Stanley reiterated an “underweight” rating and set a $5.00 price target on shares of European Wax Center in a research report on Friday. Citigroup downgraded European Wax Center from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $16.00 to $5.50 in a report on Thursday, August 15th. Truist Financial lowered their target price on European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Bank of America reduced their price target on European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Finally, Robert W. Baird decreased their price objective on European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.64.

European Wax Center Trading Down 4.4 %

NASDAQ EWCZ opened at $5.89 on Monday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.72 and a current ratio of 3.49. European Wax Center has a fifty-two week low of $4.80 and a fifty-two week high of $16.07. The stock has a market cap of $353.28 million, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.11. The stock has a 50 day simple moving average of $7.09 and a two-hundred day simple moving average of $8.60.

Hedge Funds Weigh In On European Wax Center

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in European Wax Center by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,889,324 shares of the company’s stock valued at $24,523,000 after purchasing an additional 29,918 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in European Wax Center by 13.1% in the 1st quarter. Champlain Investment Partners LLC now owns 3,745,511 shares of the company’s stock worth $48,617,000 after buying an additional 435,270 shares in the last quarter. Bessemer Group Inc. raised its position in European Wax Center by 14.2% in the 1st quarter. Bessemer Group Inc. now owns 49,570 shares of the company’s stock worth $643,000 after buying an additional 6,170 shares during the last quarter. Bamco Inc. NY lifted its stake in European Wax Center by 8.8% during the 1st quarter. Bamco Inc. NY now owns 3,265,000 shares of the company’s stock valued at $42,380,000 after acquiring an additional 265,000 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of European Wax Center by 16.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 95,514 shares of the company’s stock valued at $1,240,000 after acquiring an additional 13,497 shares during the last quarter. Institutional investors own 82.14% of the company’s stock.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.